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WAEC Financial Accounting 1997 Question 33

Question 33

Company Accounts

The person who is responsible for the formation of a company is called the

  1. A.promoter
  2. B.sponsor
  3. C.shareholder
  4. D.director
  5. E.subscriber.
Show the answer and explanation

Answer: A (promoter)

Explanation

Promoters carry out the work of forming a company.